v2.4.0.6
Statements of Cash Flows (USD $)
 3 Months Ended 12 Months Ended 62 Months Ended 65 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES            
Net loss $ (198,195) $ (461,831) $ (1,735,856) $ (1,952,064) $ (4,501,968) $ (4,700,163)
Adjustment to reconcile net loss to net cash used in operating activities            
Depreciation and amortization 2,771 2,744 10,976 11,016 25,363 28,134
Stock-based compensation 26,000 42,500 251,336 692,500 1,103,836 1,129,836
Accretion of debt discount 69,961 78,813 326,382 328,287 852,043 922,004
Gain on extinguishment of debt 0 0 0 0 (8,000) (8,000)
Loss on extinguishment of debt 0 0 233,062 0 470,869 470,869
Change in current assets and liabilities:            
(Increase) decrease in prepaid expenses 3,054 7,541 8,733 (11,429) (9,020) (5,966)
Decrease in advances to related party 0 0 0 18,416 0 0
Decrease (increase) in accounts payable and accrued liabilities (1,148) (6,325) 7,319 222,909 256,956 255,808
NET CASH USED IN OPERATING ACTIVITIES (97,557) (336,558) (898,048) (690,365) (1,809,921) (1,907,478)
CASH FLOWS FROM INVESTING ACTIVITIES            
Website 0 0 0 (7,754) (38,945) (38,945)
Equipment (523) 0 0 0 (4,957) (5,480)
Mineral property 0 0 0 0 (350,000) (350,000)
Reclamation bond 0 (32,232) (32,232) (92,876) (125,108) (125,108)
NET CASH USED IN INVESTING ACTIVITIES (523) (32,232) (32,232) (100,630) (519,010) (519,533)
CASH FLOWS FROM FINANCING ACTIVITIES            
Proceeds from bank overdraft (423) 0 423 0 423 0
Proceeds from sale of common stock 100,000 0 300,000 1,500,000 2,712,310 2,812,310
Loans from related party 0 0 0 0 16,198 16,198
Proceeds from notes payable 0 0 0 0 200,000 200,000
Payment on promissory note 0 0 0 (600,000) (600,000) (600,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 99,577 0 300,423 900,000 2,328,931 2,428,508
NET INCREASE ( DECREASE) IN CASH 1,497 (368,790) (629,857) 109,005 0 1,497
CASH, BEGINNING OF PERIOD 0 629,857 629,857 520,852 0 0
CASH, END OF PERIOD 1,497 261,067 0 629,857 0 1,497
Supplemental information:            
Interest paid in cash 31,250 0 31,250 0 31,250 62,500
Taxes paid in cash 0 0 0 0 0 0
Supplemental cash flow information and noncash financing activities:            
Common stock payable for property 0 0 0 0 115,000 115,000
Promissory notes issued for property 0 0 0 0 2,405,500 2,405,500
Forgiveness of debt by former director 0 0 0 0 16,198 16,198
Common stock issued to satisfy common stock payable 0 867,500 867,500 1,106,410 1,973,910 1,973,910
Conversion of debt totalling $208,603, (including interest of $8,603) for common stock $ 0 $ 0 $ 0 $ 0 $ 464,610 $ 464,610